GoDaddy (GDDY) : The consensus on GoDaddy (GDDY) based on 9 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
GoDaddy (GDDY) : The consensus price target for GoDaddy (GDDY) is $36.94 for the short term with a standard deviation of $1.66. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $34.
For the current week, the company shares have a recommendation consensus of Buy. GoDaddy (NYSE:GDDY): The stock opened at $33.11 on Thursday but the bulls could not build on the opening and the stock topped out at $33.39 for the day. The stock traded down to $32.91 during the day, due to lack of any buying support eventually closed down at $32.98 with a loss of -0.15% for the day. The stock had closed at $33.03 on the previous day. The total traded volume was 638,571 shares.
In a related news,The officer (COO and President) of Godaddy Inc., Wagner Scott sold 8,000 shares at $28.86 on August 3, 2016. The Insider selling transaction had a total value worth of $230,880. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
GoDaddy Inc. operates a Web domain marketplace, godaddy.com. The Company is a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Companys products include domain, hosting and presence, and business applications.